Goods, Value of Imports for Islamic Republic of Iran
Millions of Dollars, Quarterly
VALIMPIRQ052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,320.00
Year-over-Year Change
35.29%
Date Range
1/1/2005 - 4/1/2024
Summary
This economic indicator measures the value of imports of industrial supplies and materials to the United States on a quarterly basis. It provides important insights into international trade and domestic economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Millions of Dollars, Quarterly series tracks the total dollar value of industrial supplies and materials imported into the U.S. each quarter. This data point is widely used by economists and policymakers to analyze trends in global trade, industrial production, and the strength of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on customs records and surveys.
Historical Context
This import value metric is a key input for assessing the health of domestic manufacturing, the balance of trade, and the broader economic climate.
Key Facts
- Imports of industrial supplies and materials account for over 25% of total U.S. imports.
- This metric has shown steady growth over the past decade, reflecting increased global integration.
- Quarterly import values are highly correlated with domestic manufacturing output and employment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of industrial supplies and materials imported into the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The import value of industrial supplies and materials is a key metric for assessing global trade dynamics, the health of the domestic manufacturing sector, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on customs records and surveys.
Q: How is this trend used in economic policy?
A: This import value metric is closely monitored by policymakers, economists, and market analysts to gauge the strength of the U.S. economy, global competitiveness, and potential trade imbalances.
Q: Are there update delays or limitations?
A: The quarterly data is published with a lag of approximately 3 months, and may be subject to periodic revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Millions of Dollars, Quarterly (VALIMPIRQ052N), retrieved from FRED.